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Nut Processor Contract Packer Distributor

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Sale Memorandum

Nut Processor Contract Packer Distributor


Ref.AF012

Location South East

Asking Price £Offer Invited

Confidential offered for sale


Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA
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Retirement Sale
Sales of circa £500,000 per annum
Assets circa £180,000

Business profile:

This long established company has been formed over 24years. The company's principal business activities are nut and snack processing, packing & contract packing and product distribution.

The company processes nuts and snacks using automatic, temperature controlled equipment. The company processes these products largely for use in it's own brand, but it also produces for customers in their own brand (private label work). The company packs these products as well as numerous other snack and nut products again in either it's own brand or as a contract pack in other peoples brands.

The company has developed its brand to covering a large part of the South East of England, parts of the Midlands and parts of Europe. The company's brand has a relatively wide coverage and the areas continue to grow both in the UK and overseas.

The company has recently spent £150,000 developing a new production facility. This facility has enabled the company to develop the brand much further, and to expand the range of contract packing services that the company offers. In the last year, the company has expanded from 40 established customers to 160 customers. This rate of growth is set to continue over the next few years.

The company employs around 8 personnel with the directors providing simple instructions for their supervisors to follow. Field sales staffs are reliable and trustworthy.
Strengths

Established brand in the South East of England, the Midlands and parts of Europe.
Established production facilities.
Loyal and supportive customer base.

The Opportunity

Tremendous growth is forecast for the next few years as the director's plans take shape. The expansion from 40 to 160 customers is just the start.
There are several areas that the company can grow, as it doesn't just concentrate on one single area, but now has three or four sources of income. The company receives approximately 5 large contract enquiries each week. Each enquiry is for a job of turnover between £50,000 and £500,000.


Year Business Established

1981
Premises

The business operates from secure 10,000 square foot premises with parking and is protected by fully recorded CCTV. These premises have ample production and office accommodation. The production areas are on the ground floor with offices and rest room on the first floor.

The fire escape, staircase, roller shutters have all in excellent order and the premises are to a high standard. The outside area and yard is hard surfaced with, a large open storage area, ample lorry parking, staff and customer car parking The premises are held on a lease and meet all health and safety regulations.
Financial profile:
The business is being offered for sale on a going concern basis. All financial discussions will take place directly between the vendor and interested party. The company is at the stage where its profits are growing.

We are advised that the replacement cost of the production facility would be some £400,000. A new packing facility has recently been installed and is complemented by an air roaster, 3 continuous fryers and 4 other automatic weighing and bagging units. We are advised that there is substantial excess production capacity.

The business is being offered as strong order / production facility with a growing turnover. Accounts to date do not show significant profits, but is still profitable and with the sister company could be highly profitable. Interested parties should make an appointment to view the plant to determine their further interest.
Staff

8 production staff
Support & Training

The owners will assist fully with hand over and training


Turner Butler Disclosure Statement:

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner & Co (GB) Limited registered in England and Wales under company no. 2477988 of registered office Savoy House Savoy Circus London W3 7DA, trading as Turner Butler © Shaun Sweeney October 2006

Next steps

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